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Deutsche Bank Settles Postbank Lawsuits, Expects €430 Million Boost

Aug 21, 2024, 09:00 PM

Deutsche Bank has reached settlements with a large share of plaintiffs in the litigation concerning its acquisition of Postbank. The bank announced that its largest individual plaintiff, who had sued over claims of being underpaid during the acquisition, has agreed to settle. This development is expected to provide Deutsche Bank with a €430 million ($480 million) boost to its third-quarter results, as the bank reports significant progress in resolving the majority of claims related to the Postbank litigation.